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20121129
20121207
Search Results 0 to 10 of about 11 (some duplicates have been removed)
. in the next half hour, we'll talk about the prospect for a fiscal cliff deal with california's democratic congressman xavier becerra. >>> the rain and flooding are relentless in northern california. four storms in less than a week left at least one death now attributed to those storms. and more rain is expected today. let's get right to meteorologist rob marciano. he is following it all from the cnn weather center in atlanta. good morning. >> good morning, zoraida. this is the worst stretch of storms that northern california has seen really in about two years. another punch today then we'll set up for a dry trend. the good news is that it has been dry so the ground, even though we've seen a lot of major flooding, the ground has absorbed a fair amount of it. seattle to portland, rain right now. snow at the highest elevations, and the rain will eventually push down into san francisco and sacramento later on today. this system is actually messing up the atmosphere and creating a lot of warmth across much of the country. if you live anywhere east of the rockies, actually anywhere east of the
's the theme song for that. our theme song today is will we get a fiscal cliff deal done? and i appreciate the music and hopefully we'll hear some sweet music from congress about this. getting down to the wire, guys. >> wow. i don't even know where to start. >> don't stop. keep going. >> please stop. please stop. >> i had a lot of sugared cereal for breakfast this morning. >> references -- he's great is what he is. >> a deejay? you're a deejay? >> a guy throwing around references coming off wilkos like that is aok can me. >> movie anchorman today, sullivan. >> stop it. >> so, brian sullivan international, what exactly does san diego mean in german and, secondly -- >> it's an ancient german word. >> my god. >> and, secondly, brian sullivan international, what do the futures look like right now based on the distressing opening salvo yesterday between tim geithner and republican leaders? >> mika can't hide behind the book. they don't look like much. they're flat to slightly down. everybody is in wait-and-see mode here. there's a story out that mitch mcconnell burst out laughing when tim geith
of this fiscal cliff deal. that includes house democrats. and how do i go about doing that without totally alienating the base of my party? and i'm very curious to see what his next step is because his opening offer was essentially where he said he could only go in the debt ceiling bargains of july 2011. he said i can go to $800 billion in revenue, i can do these specific entitlement reforms. that's now his opening offer. where does he go here? >> i think, though, steve that the president of the united states and mr. lew and other democrats need to start looking at him differently. he is like an attorney that knows what his client is going to give and what his client's not going to give. we all know john boehner. john boehner's a deal maker. i didn't -- i liked him personally, but i never trusted him in congress because, you know, he liked making deals. that's what we need right now. the president can only push him so far. or he loses his caucus. and this is not about john boehner kicking and screaming. this is about him knowing what he can deliver. >> i understand that. john boehner has,
and congress can't make a deal on the so-called fiscal cliff. a source of great concern for so many people, everyone's taxes will go up, will go up if there's no deal. let's go live to our white house correspondent dan lothian. he's on the scene for us over at the white house. how did it go, dan? >> reporter: well, wolf, we've seen the president do this before in the past whenever he's locked in negotiations with lawmakers. he heads out on the road, either goes to a backyard or sits down around a dinner table to put pressure on congress. that's what he did today when he went to falls church sitting down with the santana family. their parents who also are employed live in the household with them. so if taxes do go up on middle class americans, the overall hit on that household will be $4,000. so they're very concerned, but they were quite happy. they said it isn't every day that the president comes by and hangs out at your house. the message the president was trying to drive home today was aimed directly at congress and using this backdrop to tell a personal story. >> for them to be burdene
to strike a deal before the end of the year on reducing the national debt to avoid that fiscal cliff. republican aid describe the tentative white house proposal this way. $1.6 trillion in revenue presented by secretary treasury secretary timothy geithner and stimulus and $400 billion in medicare and other entitlement savings. a permanent increase in the debt limit. >> so, let's get more on the standoff right now. joining us senator bernie sanders of vermont. he caucuses with the democrats. senator, first of all, congratulations on your re-election. thanks for coming in. republicans say, you know what, they'll be flexible, but the democrats have to be flexible, too, especially when it comes to entitlement spending. medicare, medicaid and even reform. are you open to any of that? >> when republicans talk about being flexible, we have not heard one definitive word to what they mean. second of all, our republican friends look up and understand that this issue of the fiscal cliff was debated during the election and, you know what, mitt romney lost. obama won. the american people are very
for word. but first this, the fiscal cliff, the talks hit a huge road bump. zingers and verbal jabs are flying while actual talks are at a stand still. president obama says republicans must agree to preserve a middle class tax cut as first part of any deal. and he linked republicans to scrooge today while touring a pennsylvania toy factory. listen. >> if congress does nothing, every family in america will see their income taxes automatically go up on january 1st. every family, everybody here, you'll see your taxes go up on january 1st. i mean, i'm assuming that doesn't sound too good to you. that is sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> that's pretty scroogy, right? president obama's proposal calls for $1.6 trillion in new tax revenue. $50 billion for new stimulus spending. and about $400 billion in entitlement cuts. republicans say, the president's proposal's nothing but a political stunt. here is boehner. >> the white house spends three weeks trying to develop a proposal and they send one up here that calls for $1.6 trillion in new tax
're learning more about the white house plan to deal with the fiscal cliff. break it down for us. >> reporter: right. this is the plan that secretary -- treasury secretary timothy geithner took up to capitol hill yesterday. it calls for $1.6 trillion in tax increases over a ten-year period more than republicans had anticipated. in addition to that, $400 billion in spending cuts that will come later. much of that not really specified. we're looking at entitlements such as medicare. and then the plan also includes $50 billion in stimulus spending. democrats see this really as sort of the opening salvo in these negotiations. early on in this process, both sides appear to show some level of optimism that this would get done. in the last few days and certainly yesterday it just seems like both sides are so far apart, it's not unusual for us to see this kind of posturing and other negotiations, tough negotiations over the last four years or so. you'll see things build up whether it appears that it's going to get done. then they fall apart. in the end it does happen. the hope is that that would happ
on fiscal cliff negotiation struck a much different tone. if republicans don't but specifically tax rates on upper earners the white house is ready to go right over the cliff. >> we see there's no prospect to an agreement that doesn't involve those rates going up on the top 2%. >> largely backs the president on those rates. 48% support the plan to raise them on upper earners compared to 32% of leaving rates unchanged. when it comes to government spending, the gop has the edge. to help balance the budget, spending cuts should take precedence over tax hikes, 46 to 30%. and leaders in congress who met with business leaders say they have already offered to raise tax by cutting deductions and the president has yet to counter their proposal. >> i'll be here and available at any moment to sit down with the president if he gets serious about solving this problem. >> it's possible the white house may be bluffing, the administration did order the pentagon to consider the big cuts in military spending that would happen if we don't reach an agreement. in washington, doug luzader, fox news. >> stocks
on the stump pressing republicans to cut a deal averting the fiscal cliff. >> it's like the lump of coal you get for christmas. it's a scrouge christmas. >> there's a stalemate, let's not kid ourself rs. >> reporter: things got tense after secretary geithner visited capitol hill thursday to present what republicans are calling an unreasonable proposal. it includes $1.6 trillion in new taxes. in part, through raising rates on the top 2%. and lips loopholes and reductions. $50 billion in stimulus next year, and $400 billion in medicare and other entitlement savings to be worked out. >> i think the proposal delivered here by secretary geithner was not a serious proposal. >> they want this extra spending that's greater than the amount willing to cut. >> democrats say it was just a starting point. and one republicans should counter. >> there will be prolonged negotiations. and all of us are going to have to get out of our comfort zones to make that happen. >> cnn learned last week the republicans gave the white house their own starting position, which democrats consider unbalanced. extending all
. >> arwa damon reporting for us from noren syria. arwa, thank you very much. >>> when we come back, fiscal cliff proposal, counterproposal, the white house hates what the republicans are proposing. the republicans hate what the white house is proposing. they apparently are no closer to a deal. we'll have the details on the latest republican counteroffer to the president's proposal. r t, the distances aren't getting shorter. ♪ the trucks are going farther. the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. ♪ if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our
Search Results 0 to 10 of about 11 (some duplicates have been removed)